Will IMF Bailout be enough to curb Fiscal Mismanagement in Pakistan?

MG News | November 19, 2018 at 12:12 PM GMT+05:00

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November 19, 2018 (MLN): IMF’s Bailout package will only be sufficient to curb the economic and currency crisis, leaving the other Fiscal mismanagements of the country unsolved, said a report by Fitch Solutions on Monday 19^th November.

Furthermore, the research house predicted FY19 GDP growth to slow down to 5.4% from 5.7% last year, with austerity measures further worsening the cyclical slowdown.

Currently, the IMF conditions are likely to focus on anti-money laundering strategy and framework for reducing corruption in the country, the report added.

Moreover, the report suggested that IMF is wary about the lack of transparency surrounding Pakistan’s liabilities to China under CPEC.

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